Finnish Geothermal Firm, QHeat Aims Global Expansion
Finland: Finnish geothermal energy company QHeat has announced plans for international expansion, offering its patented geothermal heating and cooling technology to global markets. The system, which reduces building heating emissions by up to 90%, provides energy companies, real estate investors, and construction firms with an alternative to fossil fuel and combustion-based heating methods. QHeat combines a coaxial well with a heat pump to electrify heating and create a potentially lucrative revenue stream. The company has successfully completed major geothermal projects in Finland, including the first geothermal heating plant in Vantaa and a subsurface heat storage facility in Salo, and now aims to guide partners in incorporating large-scale geothermal heating, cooling, and storage technologies.
QHeat’s competitive advantage lies in its patented coaxial flow technology and superior coefficient of performance (COP). The system uses an insulated pipe to optimize heat transfer and can switch the direction of the coaxial flow to maximize efficiency. QHeat wells achieve a COP of up to 7 for electricity usage, far exceeding the 2.5–3.5 range typical of ground source and air-to-water heat pumps. With patents filed in 2022, the technology aligns with the EU Taxonomy, offering a promising investment opportunity while helping property owners achieve net-zero goals and potentially turn into energy producers themselves.
Source: - QHeat